I am loaning my sister $$$ for a piece of land adjacent to her's. How do I go about doing this? What should I do legally to cover myself?
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I am loaning my sister $$$ for a piece of land adjacent to her's. How do I go about doing this? What should I do legally to cover myself?
Hello b:
Hire a lawyer to draw up the note.
excon
While hiring a lawyer is often the best advice it may not be necessary here. You should be able to find a template for a promissory note online or buy one at a Staples, etc. The note will state the terms of the loan and property used to secure it.
Once you both sign the note, you register it with the county clerk as a lien against the property.
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